WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Holdings Reduced by Melqart Asset Management UK Ltd

Melqart Asset Management UK Ltd decreased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 25.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,535 shares of the company's stock after selling 108,095 shares during the period. WillScot Mobile Mini comprises approximately 1.1% of Melqart Asset Management UK Ltd's portfolio, making the stock its 28th largest position. Melqart Asset Management UK Ltd owned 0.17% of WillScot Mobile Mini worth $11,939,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WSC. Tidal Investments LLC grew its stake in shares of WillScot Mobile Mini by 129.2% during the first quarter. Tidal Investments LLC now owns 13,279 shares of the company's stock worth $617,000 after purchasing an additional 7,486 shares in the last quarter. CWM LLC raised its holdings in shares of WillScot Mobile Mini by 80.3% in the second quarter. CWM LLC now owns 1,635 shares of the company's stock valued at $62,000 after buying an additional 728 shares during the last quarter. Salvus Wealth Management LLC purchased a new stake in shares of WillScot Mobile Mini in the second quarter valued at about $1,782,000. Swedbank AB raised its holdings in shares of WillScot Mobile Mini by 15.7% in the second quarter. Swedbank AB now owns 980,000 shares of the company's stock valued at $36,887,000 after buying an additional 133,000 shares during the last quarter. Finally, Reinhart Partners LLC. purchased a new stake in shares of WillScot Mobile Mini in the second quarter valued at about $8,905,000. Institutional investors and hedge funds own 95.81% of the company's stock.

Insiders Place Their Bets

In related news, EVP Hezron T. Lopez sold 20,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the sale, the executive vice president now owns 57,918 shares of the company's stock, valued at $2,280,810.84. This represents a 25.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sally J. Shanks sold 14,059 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the sale, the chief accounting officer now directly owns 26,113 shares of the company's stock, valued at approximately $905,859.97. This represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have bought 20,000 shares of company stock worth $728,750 in the last quarter. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Price Performance

Shares of WSC traded up $1.51 during mid-day trading on Wednesday, reaching $39.21. 2,758,625 shares of the company's stock were exchanged, compared to its average volume of 2,285,400. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The company has a 50-day simple moving average of $37.40 and a two-hundred day simple moving average of $38.03. WillScot Mobile Mini Holdings Corp. has a 52-week low of $32.71 and a 52-week high of $52.16. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 356.64, a PEG ratio of 2.31 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The business's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 EPS. On average, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on WSC. Robert W. Baird reduced their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Baird R W cut shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and cut their price target for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Finally, Barclays cut their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.00.

About WillScot Mobile Mini

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.